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    Trend: SOCAR signs two documents with Bulgaria’s gas companies

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The State Oil Company of Azerbaijan (SOCAR) and Bulgaria’s Bulgargaz company have signed a protocol of intentions in Baku

by: Sruthi

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Trend: SOCAR signs two documents with Bulgaria’s gas companies

The State Oil Company of Azerbaijan (SOCAR) and Bulgaria’s Bulgargaz company have signed a protocol of intentions in Baku. The document was signed by the President of SOCAR, Rovnag Abdullayev and head of the Board of Directors of Bulgargaz, Botyo Velinov, a message from SOCAR said Sept.22.

Additionally, a memorandum of understanding was signed between SOCAR and Bulgartransgaz company. The document was signed by Rovnag Abdullayev and CEO of Bulgartransgaz, Kirill Temelkov.

Previously, Bulgarian media reported that the country plans to start importing 200-300 million cubic meters of gas from Azerbaijan per year from 2016. It is expected that the final investment decision to construct a gas grid inter-connector between Greece and Bulgaria will be adopted in autumn of 2014. It is planned to complete the construction of the gas grid inter-connector by 2016.
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